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July 23, 2020

For further information, please contact:

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About ABL Group ASA

ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil & gas sectors. The group has offices in 39 countries worldwide and operates under four brands: ABL, OWC, Longitude and AGR.

TRUST-PV R&D Project Win For Floating Solar

INNOSEA, the independent engineering firm specializing in Offshore Renewable Energy, an LOC Group company, is pleased to announce it has been awarded a European H2020 grant to undertake a research and development project to support more efficient and cost-effective design of floating solar PV plants.

The project is led by EURAC European Academy of Bolzano in Italy.

The R&D project aims to develop accurate numerical and cost models for the development of PV plants. INNOSEA’s focus will be on the comparative performance and reliability of floating versus ground mounted solar PV, the numerical modelling of floating solar farm behaviour and the Operations & Maintenance drivers, along with guidelines, for future revamping and repowering.

Work on the project will start in September 2020 and is anticipated to take approximately 4 years to complete.

The project will be resourced by Innosea, with support from LOC’s wider renewable energy-focussed teams around the world. This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 952957.

Commenting, Félix Gorintin, Head of Floating solar at INNOSEA, said:

“Winning projects of this nature reflects the expertise we have built and developed at INNOSEA, and across the wider LOC Group, in renewable energy and namely in floating solar PV. It is an area of the energy market we have been focused on for several years. That effort is now being rewarded in the work we are being offered, which establishes a strong knowledge base for the success of future floating solar projects worldwide.”